What is Risk Management in the Construction Sector?
Managing risk in the construction industry isn’t just about avoiding accidents; it is a proactive approach to ensuring project success, safeguarding workers, and aligning with broader organizational strategies for safety and compliance. Construction projects are complex undertakings that require heavy machinery, hazardous conditions and tight deadlines. Without the proper risk management solutions in place, these projects could face delays, have cost overruns or have safety incidents that can severely impact reputations.